Miles Jennings pfp

Miles Jennings

@milesjennings

141 Following
712 Followers


Miles Jennings pfp
Miles Jennings
@milesjennings
(1/7) Launching a token too early is one of the most common mistakes in web3 – it can be fatal for projects. So, how do you get ready to launch? @jasonr and I wrote about 5 things you can do before taking the leap. Here’s a quick guide 🧵 https://t.co/V2SoOhOliu
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Miles Jennings pfp
Miles Jennings
@milesjennings
Launching a token can be as easy as sending an email. Unlocking their potential as a new digital primitive and bringing them to market is much harder. I’ve worked with dozens of founders tackling this challenge and am now releasing a 3-part playbook written for everyone. 🧵
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Miles Jennings
@milesjennings
Good to see BA and CFAT sue the SEC Today. The expansion of the "dealer" definition is transparent attempt to weaponize securities laws. https://www.theblock.co/post/290419/blockchain-association-and-crypto-freedom-alliance-of-texas-sue-the-sec-over-newly-adopted-dealer-rule?utm_source=twitter&utm_medium=social
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Miles Jennings pfp
Miles Jennings
@milesjennings
The SEC's "...role is to protect investors; to maintain fair, orderly and efficient markets, and to facilitate capital formation. The commission is failing across all three objectives when it comes to digital asset markets and tokens." As a graph:
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Miles Jennings
@milesjennings
DUNA AMA. Happening now 👇
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Miles Jennings pfp
Miles Jennings
@milesjennings
David Kerr (@cowriellc) and I will be doing an AMA tomorrow (Friday at 12:00 PM PT) to talk about Wyoming's new legal entity for DAOs. Come learn how to harness the power of the DUNA.
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Miles Jennings pfp
Miles Jennings
@milesjennings
Wyoming’s DUNA legal structure for DAOs goes live on July 1, 2024. Companies that (1) have a U.S. nexus and (2) are using tokens to decentralize the governance of an asset (a treasury, autonomous software, etc) should consider it. Here are 10 benefits of the DUNA 👇
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Miles Jennings
@milesjennings
🚨Big News🚨Wyoming just enacted a game-changing law for web3. It creates a new entity for DAOs – the Decentralized Unincorporated Nonprofit Association (DUNA) – that’s been years in the making. @cowriellc and I provide everything you need to know below: https://a16zcrypto.com/posts/article/duna-for-daos/
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Miles Jennings
@milesjennings
If a VC requires you to pay them tokens for their help launching your token, two things are true: 1️⃣ You don't want their help 2️⃣ They're going to dump your token
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Miles Jennings
@milesjennings
Call with a Euro VC this morning: Me: Please waive your non-dilutable token rights. EVC: Why? Me: It limits flexibility for future financings. EVC: Eh, who can predict the future? Me: It creates bad incentives. EVC: Eh, we have a different model. Me: It's off market. EVC: Eh, every deal has this. Beware of bullshit.
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Miles Jennings
@milesjennings
If a VC pushes to shorten your token lockup, including "to boost your recruiting", what they're really telling you is "we intend to dump our bags as soon as you'll let us". 4 year/1 year cliff token lockups should be standard.
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Miles Jennings pfp
Miles Jennings
@milesjennings
If a VC pushes to shorten your token lockup, including "to boost your recruiting", what they're really telling you is "we intend to dump our bags as soon as you'll let us". 4 year/1 year cliff token lockups should be standard.
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Miles Jennings pfp
Miles Jennings
@milesjennings
The most successful “Can devs do something?” ever.
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Miles Jennings pfp
Miles Jennings
@milesjennings
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Miles Jennings pfp
Miles Jennings
@milesjennings
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Miles Jennings pfp
Miles Jennings
@milesjennings
I’ve worked with over 50 companies on token launches and want to make the frameworks I've developed and key learnings from that experience more widely available. Thinking of doing a series of posts here that are tailored for builders. No bullshit. What questions I should answer?
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Miles Jennings
@milesjennings
This weekend be like...
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Miles Jennings pfp
Miles Jennings
@milesjennings
It was @cdixon.eth's vision of web3 that compelled me to leave a safe BigLaw partner role and go all-in to fight for crypto. It continues to shape how I advise companies, how I approach policy and what I write. RWO is a cogent and unassailable version of that vision. Go get it.
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Miles Jennings
@milesjennings
Token extensions are a great new feature, but they could expose users to significant hidden risks. If NK tries to use a token with confidential transfers to launder hack proceeds, the U.S. could try to sanction the token's smart contract mid-process, which would make the entire supply of that token toxic. Be careful.
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Miles Jennings
@milesjennings
Application token models should focus more on B2B uses and less on B2C uses. Focus more on mechanisms for incentivizing developers, coordinating economic activity and ensuring credible neutrality of shared infrastructure. Focus less on mechanisms for acquiring users, which often leads to rent seeking and speculation.
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